Silver coin availability

I'm in the same boat, though haven't bought again.
I was going to get a 2014 3/4 Kennedy but the place I was going to buy it was sold out soon before I decided to start buying this past week.
So I may just get some generic US commems.

I'm not into bars or foreign gold at all. For me, it has to be from the US Mint with few exceptions.

 

Log in or Sign up to hide this ad.

So...I'm curious, folks claim there is far more paper out there than there is physical metal. How does this all work? Some say the physical and paper markets need to completely disconnect. Your thoughts?

 

Be very, VERY patient. I eventually got one right about melt, back when gold had fallen back to $1200. Still in mint packaging, with just one or two tiny copper spots.

I'm hoping to find a more impaired one at (or below ) melt someday. I'd still like to give one the pocket-piece treatment, but I can't bring myself to do it to an example that isn't already damaged.

 

Not my area of expertise, so I won't say much right now. Similar to the bond CDS amounts being larger than the underlying bond dollar values...or hedge funds owning bonds to "force" a bankruptcy to trigger a credit event.

I'll do some work and report back.

 

I've been holding off hoping gold goes back to $800ish, but ....

 

I hear that. With the inflation we're locking in, I'm less... optimistic? pessimistic? about seeing it, though. And if the lockdown didn't drive it down into triple digits, I really don't want to deal with events that DO send it there.

 

This sounds like a good time to sell my junk silver. I've inherited some and it doesn't particularly interest me, except maybe the nicest preserved examples. There is no guarantee that silver will circulate, or be worth anything, in a post-apocalyptic world. At best it's a "maybe." In a severe economic depression, that might change, again "maybe," depending on the circumstances, which no one can foresee. This is pure speculation, but touting junk silver as the "survival metal" feels more like a marketing gimmick to get people to buy silver once considered undesirable. If so, it's been very successful. I'm not accusing anyone of this, or saying that it's true, I'm just speculating. One good conspiracy theory deserves another.

 

Seems that way to me, too, but to me it's all desirable, and always has been. I just wish I didn't have to outbid so many other people for it.

 

Why are you worrying about "depressions" or "survival metal" or "post-apocalyptic" scenarios ?

Nobody here seriously owns silver for any of those reasons. At least I hope not.

 

Waiting for gold to go to $800 oz is only slightly less ridiculous thatn me hoping that GOOG goes back to $5 a share.

All-in cash costs for mining companies are $1,200/oz. That's probably your floor in any prolonged free-fall and quite frankly, if Covid-19 March 2020 didn't do it, like you said....you can't deal or plan for whatever COULD do it.

 

I do have allot of other US GOLD COINS AGE,S AND BUFFALOS BUT SINCE THERE NEW TO THE PARTY YOU COULD SAY IN COMPARISON TO KRUGERRANDS THEY REALLY DONT COVER ALLOT OF THE YEARS I AM
LOOKING FOR, PLUS THESE THINGS ARE POPULAR !! AND RARE, JUST TAKE
A LOOK AT APMEX,S HOME PAGE, AVAILABILITY IS EXTREMELY TOUGH
AND DONT GO THERE TO BROWSE AS THE NEXT DAY IT WILL BE GONE THAT HAS ALREADY HAPPENED TO ME 4 TIMES ALREADY

 

There is no need to shout.

 

You're misreading what I said. I'm not worried about them, but I'm pretty sure at least some people (I don't know about here) are buying up silver to prepare for a collapse. A few people also said the same thing earlier in this thread. It's also not too hard to find references to this on the internet, either.

 

OK, understood....I wouldn't worry about that. 1 in 1,000 scenarios are not what we used to call "investable" outcomes.

Just buy when and what you like.